Common use of Alternatively the Security Clause in Contracts

Alternatively the Security. Agent may resign by giving notice to the other Finance Parties and the Borrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Security Agent.

Alternatively the Security. Agent may resign by giving notice to the other Finance Secured Parties and the Borrower, in which case the Majority Lenders (after consultation with the Borrower) may appoint a successor Security AgentAgent (acting through an office in the United Kingdom).